Coca-Cola Europacific Partners $CCEP Stock Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. reduced its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 28.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 345,000 shares of the company’s stock after selling 135,000 shares during the period. Coca-Cola Europacific Partners accounts for 1.2% of Schwartz Investment Counsel Inc.’s holdings, making the stock its 28th largest holding. Schwartz Investment Counsel Inc.’s holdings in Coca-Cola Europacific Partners were worth $35,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Amundi increased its stake in shares of Coca-Cola Europacific Partners by 13.4% during the first quarter. Amundi now owns 3,399,052 shares of the company’s stock worth $308,192,000 after purchasing an additional 401,683 shares during the period. Bank of America Corp DE grew its position in shares of Coca-Cola Europacific Partners by 0.6% during the 1st quarter. Bank of America Corp DE now owns 2,692,575 shares of the company’s stock worth $244,136,000 after purchasing an additional 17,036 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Coca-Cola Europacific Partners by 14.5% during the 1st quarter. Bessemer Group Inc. now owns 2,289,254 shares of the company’s stock worth $207,568,000 after purchasing an additional 289,080 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Coca-Cola Europacific Partners during the 1st quarter worth approximately $97,058,000. Finally, Swiss National Bank increased its holdings in shares of Coca-Cola Europacific Partners by 26.9% during the first quarter. Swiss National Bank now owns 719,614 shares of the company’s stock worth $65,247,000 after purchasing an additional 152,400 shares during the period. 31.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CCEP has been the subject of a number of analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and issued a $106.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday, August 5th. UBS Group reiterated a “neutral” rating and issued a $107.00 price target (down from $109.00) on shares of Coca-Cola Europacific Partners in a research note on Monday, October 5th. Weiss Ratings raised Coca-Cola Europacific Partners from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $114.00 price objective (up from $110.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, September 16th. Finally, ING Group cut Coca-Cola Europacific Partners to a “hold” rating in a report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.11.

Coca-Cola Europacific Partners Trading Down 1.2%

Shares of Coca-Cola Europacific Partners stock opened at $110.89 on Wednesday. Coca-Cola Europacific Partners has a 12-month low of $84.65 and a 12-month high of $114.55. The firm’s 50-day moving average price is $105.77 and its two-hundred day moving average price is $100.26.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a consumer beverage company and one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.

CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.